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National Bank and the members of its decision-making bodies shall be independent in exercising the tasks conferred upon them by law, and shall neither seek nor take instructions from public authorities or from any other authority.

In order to ensure and maintain price stability over the medium term, the National Bank’s aim will be to keep inflation (measured by Consumer Price Index) at the level of 5.0 percent annually with a possible deviation of ± 1.5 percentage points, considered to be optimal for growth and development of Moldova's economy over the medium-term.

National Bank shall have the exclusive right to issue on the territory of the Republic of Moldova banknotes and coins as legal tender, as well as commemorative and jubilee banknotes and coins as legal tender and for numismatic purposes.

National Bank of Moldova acts as banker and fiscal agent of the State and shall receive from state bodies economic and financial information and documents, which are necessary for carrying out its tasks.

National Bank shall inform the public on the monetary policy strategy on the results of the macroeconomic analysis, the evolution of the financial market and on statistics, including with regard to monetary supply, crediting, balance of payments and the state of the foreign exchange market.

During 2016, there were held twelve meetings of the Executive Board of the National Bank on Moldova on monetary policy decisions. Following the assessment of the balance of internal and external risks, which could be faced by the Moldovan economy and inflation forecasts on medium term, there were adopted five decisions to maintain and seven decisions to decrease the base rate applied to main monetary policy operations from the level of 19.5 percent to 9.0 percent annually.

Quantifying the macroeconomic situation, inflation outlook in the short and medium term, with possible uncertainties and challenges during the reference period, the National Bank of Moldova has promoted during 2014 an incentive monetary policy under a reduced aggregate demand.

In 2013, the National Bank of Moldova has created the conditions necessary to keep the inflation rate within the range of ± 1.5 percentage points from the 5.0 percent, the target set for the medium term according to its Monetary policy strategy.

The Moldovan economy recorded a contraction of 0.8 percent in 2012 compared to 2011. In 2012, the National Bank of Moldova created the conditions necessary to keep the inflation rate within the range of 5.0 percent ± 1.5 percentage points, a goal set for 2012 according to the National Bank's monetary policy strategy for 2010-2012.

The Moldovan economy recorded a 6.4 percent growth during 2011 as compared to the previous year. At the end of 2011, the annual inflation rate constituted 7.8 percent, while the annual core inflation recorded a value of 6.1 percent in December 2011.

The economic achievements recorded in 2010 indicate that the Republic of Moldova has gradually recovered and overcame the consequences of the global financial crisis. Moldova's economy in 2010 recorded an increase of 6.9 percent compared to the previous year, as a result of improving the situation in all sectors of the economy.

After two years of economic and financial crisis, the severe decline of the global activity started to recover gradually on the major emerging markets and in some advanced countries. The Gross Domestic Product (GDP) of the Republic of Moldova, estimated for 2009, declined in real terms by 6.5 percent compared to the previous year.

The world economy in 2004 denoted further recovery trends: the growth rate of global economy increased for the third consecutive year and accounted for an estimate of 5.0%, reaching the highest level in the last three decades.